Downtown Memphis

Overview

Shelby County mortgage market shows healthy growth, increasing from $151.9 mil in October 2016 to $167.7 mil in October 2017 [source]

Mortgage interest deduction remains at center of debate as Washington attempts major rewrite of tax code [source]

Average home sale price increases 13% to $168,272, while total home sales drop slightly from 1,501 to 1,474 (periods: Oct 2016 vs Oct 2017) [source]

Key Takeaway

Memphis remains a seller's market

 

Written and published on November 11, 2017 Jacob Laurence, jacob@memphishomes.pro